Wednesday, August 8, 2012

Specify your price with min/max functions

Now it is even easier to minimize your risk when selling/buying bitcoins on localbitcoins.com, while still giving a competitive price. We added possibility for min/max -functions. For example, the following equation gives pretty competitive price when you want to sell in EUR:

max(max(mtgoxusd_high*USD_in_EUR, EUR_24h), intrsngeur_high)

Or if you want to buy in USD:

min(mtgoxusd_bid, USD_24h)

Not that these functions always require excatly two parameters.

We hope that with these advanced pricing functions people are more comfortable doing bitcoin OTC trades, with fixed prices.